How many collectors does it take to have very successful gallery? 10

From Magnus Resch’s study of art galleries, we learned that most dealers make very little money. Yet the ones that do may only need a handful of clients to pay the bills … and then some.

James Tarmy got this from Michele Maccarone:

Maccarone estimates that currently her gallery has about 10 hyper-involved collectors, an additional 40 to 50 occasional clients, and then 100 or so buyers “who buy something once,” she says. “That might sound small, but what I do is very specific. How much of this very expensive thing can someone buy?”